The World News Monitor – Business Information for Sustainable Development
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Business

Energy Prices Trigger Deindustrialization In Germany

OilPrice.com | Aug 19, 2022 at 11:30 AM

German factories are struggling to cope with soaring energy costs, which may prompt many to leave the country for a cheaper location, Bloomberg has reported, citing industry sources.

China’s Oil And Gas Production Hits Record

OilPrice.com | Aug 19, 2022 at 10:30 AM

China’s crude oil and natural gas production rose to a record high between January and July this year, government data cited by Xinhua shows.

Croatia to invest €180 million in LNG infrastructure

Euractiv | Aug 19, 2022 at 8:35 AM

Croatia will invest 180 million euros to build a new gas pipeline and more than double capacity at its liquefied natural gas (LNG) terminal in a bid to secure gas supplies, the government said on Thursday (18 August).

A winter energy reckoning looms for the west

Financial Times | Aug 19, 2022 at 6:00 AM

…import liquid natural gas must now compete with European latecomers to the LNG market seeking an alternative to pipelined Russian gas. In early summer, Pakistan…

French energy regulator’s newly appointed president faces opposition from MPs

Euractiv | Aug 18, 2022 at 6:54 PM

France’s former minister for housing, Emmanuelle Wargon, has been appointed head of the French Energy Regulatory Commission (CRE), despite opposition from MPs who have been questioning her political independence and expertise in energy.

Berlin slashes value added tax on natural gas despite supply woes

Euractiv | Aug 18, 2022 at 3:22 PM

The German government will reduce the value-added tax (VAT) on natural gas, it announced on Thursday (18 August).

Tengizchevroil to redirect 2.6 bln cubic meters of gas to country – Kazakhstan’s President

TASS Russian News Agency | Aug 18, 2022 at 3:14 PM

The parties also reviewed prospects of Chevron’s participation in implementation of investment projects in the petrochemical and gas chemical sphere and plans on further expansion of the Karachaganak field production capacity.

Outage At Oil-fired Plant In Sweden Adds To Power Supply Issues

OilPrice.com | Aug 18, 2022 at 3:00 PM

An oil-fired power plant in southern Sweden owned by German energy giant Uniper suffered a failure early on Thursday when a boiler tripped.

Europe must use all its financial firepower to fund the green transition

Financial Times | Aug 18, 2022 at 2:54 PM

…concessionary loans for banks that increase their lending to firms producing clean energy and improving energy efficiency. The biggest challenge with this is in asking…

Moscow, Tehran working on Iranian minister’s visit to Russian capital, says embassy

TASS Russian News Agency | Aug 18, 2022 at 12:45 PM

Moscow and Tehran are working on a visit by Iranian Industry, Mining, and Trade Minister Reza Fatemi Amin to Russia, the Iranian Embassy in Moscow wrote on its Telegram channel.

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